Zoltan J. Acs Ph.D is the former chief economist at the U.S. Small Business administration and the Founder and President of The GEDI Institute, a Washington think tank. He is a Professorial Research Fellow at The London School of Economics and University Professor at George Mason University. He is the leading advocate of the importance of entrepreneurship for economic development. Along with Dr. Laszlo Szerb he is the founder of the Global Entrepreneurship and Development Index (GEDI) that is the first tool to track entrepreneurship and economic development in the global economy. He received the 2001 International Award for Entrepreneurship and Small Business Research, on behalf of The Swedish National Board for Industrial and Technical Development. His most recent book Why Philanthropy Matters: How the wealthy give, and what it means for our economic well-being, 2013 was published by Princeton University Press.